Performance Fees Lift Carlyle Group LP’s Profit In Q4

The Carlyle Group LP (NASDAQ:CG) posted strong fourth-quarter results aided by its three-fold increase in its economic net income before taxes.

Enthused by the strong performance, the private equity firm also announced a quarterly distribution.

Carlyle Group outpaced analysts’ expectations

The Carlyle Group LP (NASDAQ:CG) unveiled its strong fourth-quarter results on Wednesday. It revealed its economic net income before taxes, a pro forma measure used by the private equity industry that includes unrealized investment gains, tripled to $576 million in the quarter, from $182 million in the quarter a year earlier. The economic net income after taxes jumped to $1.64 per common unit,...